PRESS DIGEST- Financial Times - May 5
May 5 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- Social care reforms in England risk being 'doomed to failure', MPs warn
- Labour MPs press Keir Starmer to rethink benefits cuts after local elections
- U.S. President Donald Trump says he will impose 100% tariff on movies made abroad
Overview
- A package of reforms to tackle England's struggling social care system "will be doomed to failure" unless the government presents a robust financial case for changing a "broken" system, a cross-party group of MPs has said.
- British Prime Minister Keir Starmer is facing fresh pressure from his Labour MPs to reverse cuts to the winter fuel allowance after the government's welfare decisions were partly blamed for the party's setbacks in Thursday's local elections.
- U.S. President Donald Trump has said he will slap a 100% tariff on all films produced abroad, expanding his trade war to the cinema industry in order to thwart what he described as the "very fast death" of Hollywood.
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